State Alabama Financial News

Finra arbitrators ordered a former financial advisor to pay more than $600,000 for recommending risky options strategies for a group of Alabama investors.

Discount grocer Aldi said Wednesday it's acquiring 400 Winn-Dixie and Harveys supermarkets in the Southern U.S. Under a proposed merger agreement, Aldi will acquire all outstanding shares of Jacksonville, Florida-based Southeastern Grocers Inc., the pa...

Alabama Gov. Kay Ivey's office said Tuesday that an auto parts supplier plans a $114 million investment to expand its facility in Auburn to support the production of electric vehicle parts

industrial heartland (see map). The shifting of American factories has been years in the making. When Japanese and German carmakers started production in America in the 1980s and 1990s, most chose the South.

An Alabama boat co-captain says he was hanging on “for dear life” when he was attacked by men on the capital city’s riverfront

agricultural trading house Bunge. Exxon Mobil has a multiyear agreement with Global Clean Energy Holdings to purchase renewable diesel made from camelina. Growing these oilseed plants between main crop rotations on land already used for farming helps limit damage like deforestation, says Alex Clayton, global strategy and commercial lead for Nuseed Carinata.

Washington D.C. area closed early on Monday because of threatening weather as forecasters warned people across the eastern U.S. of possible tornadoes, damaging winds and large hailstones.

By Duncan Munn and Alexandre Laurin

A new reactor at a nuclear power plant in Georgia has entered commercial operation

Kamala Harris urged Black Americans to vote and cast Republicans as extremists on everything from abortion, voting rights and gun reform. “Here’s what we need to do. Vote. It gets back to the voting,” Harris said Saturday at a gathering of the NAACP, the nation’s oldest civil-rights organisation, in Boston. Noting that Black voters had record turnout in 2020, Harris said that “it scared some people.” “It is by no coincidence that immediately thereafter you started seeing extremist so-called leaders passing laws restricting voting days, making it more difficult to vote,” she added. Since Donald Trump’s loss to Joe Biden in 2020, supporters of the former president have stepped up efforts to reform the US election system, with several states introducing new rules restricting voting and redrawing electoral maps. Still, the Supreme Court this year gave an unexpected boost to the Voting Rights Act enacted in 1965 to protect minority rights at the polls by upholding a decision that requires a second majority Black District in Alabama. Harris, 58, has addressed the NAACP’s national convention for two straight years. With the president ramping up his re-election campaign, Harris the first woman, Black and Asian vice president has become a key envoy in the outreach to Black voters, who Biden credits for his 2020 victory.

Mexico’s president says he has offered to buy an American company’s Caribbean coast property for $385 million to end a bitter, years-long dispute

Juel Taylor has revealed the inspiration behind his first film as a director, They Cloned Tyrone. Taylor is a co-writer on Creed II (2018) and Space Jam: A New Legacy (2021). They Cloned Tyrone is a science-fiction comedy inspired by movies like The Truman Show and even bits of Taylor’s personal life. Here’s what the director said.

The United States Navy has written onerous change-of-control provisions into long-running contracts potentially worth billions of dollars with Austal, the ASX-listed shipbuilder fielding interest from acquisitive international firms.

Coinbase, the US-based cryptocurrency exchange, has temporarily paused its staking services in four states in response to legal proceedings from Securities and Exchange Commission (SEC).

United States-based cryptocurrency exchange Coinbase has announced it will be temporarily stopping customers from staking additional assets in four states amid legal proceedings from local regulators.

The NCAA has found 175 infractions of its sports-betting policy since 2018, and there are 17 active investigations

Six states ordered Raymond James to pay $4.2 million in fines and penalties and return $8.25 million to retail customers who were charged excessive commissions for small-dollar trades.

Six members of the United States Congress have called on the U.S. Securities and Exchange Commission (SEC) and Department of Justice to investigate Prometheum, claiming the firm has ties to the Chinese Communist Party. 

Alabama investors are the latest to fall victim to so-called pig-butchering investment schemes that state securities regulators say are becoming an increasing threat.

Mississippi State University announced the passing of football great Johnie Cooks, a beloved figure in Bulldog history. Cooks, who achieved All-SEC honors and played in the NFL, leaves behind a lasting legacy. In a news release, the university, while expressing condolences, said, «The Mississippi State family mourns the loss of all-time Bulldog great Johnie Cooks.

Following the Securities and Exchanges Commission (SEC) lawsuit, US-based crypto exchange, Coinbase, has received multiple Show Cause orders from US states.